Stellantis N.V. (NYSE:STLA) Given Consensus Rating of “Hold” by Brokerages

Shares of Stellantis N.V. (NYSE:STLA) have earned an average rating of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.1167.

Several equities research analysts have issued reports on the stock. HSBC reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Wolfe Research upgraded Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a research report on Monday, November 24th.

Hedge Funds Weigh In On Stellantis

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Italy raised its position in Stellantis by 11.6% during the third quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after acquiring an additional 3,800,000 shares in the last quarter. Generali Asset Management SPA SGR increased its stake in shares of Stellantis by 2.2% during the 3rd quarter. Generali Asset Management SPA SGR now owns 4,743,160 shares of the company’s stock worth $44,301,000 after purchasing an additional 102,328 shares during the last quarter. Elgethun Capital Management increased its stake in shares of Stellantis by 8.2% during the 2nd quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock worth $3,438,000 after purchasing an additional 26,042 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Stellantis by 8.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,009,256 shares of the company’s stock valued at $70,002,000 after purchasing an additional 562,789 shares during the period. Finally, Exane Asset Management raised its holdings in shares of Stellantis by 134.3% in the 3rd quarter. Exane Asset Management now owns 1,401,411 shares of the company’s stock valued at $12,961,000 after purchasing an additional 803,186 shares during the period. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Performance

Shares of STLA stock opened at $6.59 on Tuesday. Stellantis has a 12 month low of $6.47 and a 12 month high of $12.74. The company’s fifty day simple moving average is $8.64 and its 200-day simple moving average is $9.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.